Optiva (TSX:OPT) ROCE % : -18.17% (As of Sep. 2024)

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What is Optiva ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Optiva's annualized ROCE % for the quarter that ended in Sep. 2024 was -18.17%.

Optiva ROCE % Historical Data

The historical data trend for Optiva's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Optiva ROCE % Chart

Optiva Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

Dec22

Dec23

ROCE %

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-28.10

-52.32

56.22

18.26

-1.81

Optiva Quarterly Data
	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-4.20	-13.26	-19.33	-17.11	-18.17

Optiva ROCE % Calculation

Optiva's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-1.583	/	( ( (117.671 - 28.706)	+	(113.116 - 26.871) )	/ 2 )
	=	-1.583	/	( (88.965	+	86.245)	/ 2 )
	=	-1.583	/	87.605
	=	-1.81 %

Optiva's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-0.688	/	( ( (105.62 - 30.764)	+	(98.161 - 165.444) )	/ 2 )
	=	-0.688	/	( ( 74.856	+	-67.283 )	/ 2 )
	=	-0.688	/	3.7865
	=	-18.17 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Optiva (TSX:OPT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Optiva Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Optiva Inc (TSX:OPT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RKNEF:USA

Address

2233 Argentia Road, Suite 302, East Tower, Mississauga, ON, CAN, L5N 2X7

Website

https://www.optiva.com

Optiva Inc is engaged in offering software products to the telecommunications software market. The company's portfolio of products enables real-time billing, charging, policy management and user experience that are critical to customers' growth and performance. The company earns revenue from sale of software licenses, including initial perpetual licenses, term licenses, subscription licenses, capacity upgrades, professional services and managed services; third-party hardware and software components and customer support contracts. Some of the company's products include Optiva BSS Platform, Optiva Charging Engine, Optiva Partner Monetization among others. Geographically, the majority of the revenue for the company is generated from Europe, Middle East and Africa (EMEA) region.

Executives

John Meyer	Director
Anuroop Duggal	Director
Barry Alan Symons	Director
Joseph Lee Grant Matheson	Director
Robert Stabile	Director, Senior Officer
John Giere	Senior Officer
Ashish Kumar Joshi	Senior Officer
Dinesh Sharma	Senior Officer